Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Buys $125,070.63 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma purchased 33,531 shares of the firm’s stock in a transaction on Thursday, April 10th. The shares were purchased at an average cost of $3.73 per share, for a total transaction of $125,070.63. Following the completion of the purchase, the insider now directly owns 1,937,651 shares in the company, valued at $7,227,438.23. The trade was a 1.76 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Equinox Partners Investment Ma also recently made the following trade(s):

• On Monday, April 7th, Equinox Partners Investment Ma bought 146,460 shares of Gran Tierra Energy stock. The shares were purchased at an average price of $3.94 per share, for a total transaction of $577,052.40.
• On Friday, April 4th, Equinox Partners Investment Ma purchased 123,000 shares of Gran Tierra Energy stock. The stock was acquired at an average price of $4.11 per share, with a total value of $505,530.00.
• On Wednesday, April 2nd, Equinox Partners Investment Ma acquired 5,000 shares of Gran Tierra Energy stock. The stock was acquired at an average cost of $5.16 per share, with a total value of $25,800.00.

Gran Tierra Energy Trading Up 4.3 %

Shares of GTE traded up $0.17 during mid-day trading on Monday, hitting $4.13. The company had a trading volume of 213,640 shares, compared to its average volume of 312,699. Gran Tierra Energy Inc. has a 1-year low of $3.34 and a 1-year high of $10.40. The business’s 50-day simple moving average is $4.91 and its 200-day simple moving average is $6.02. The stock has a market cap of $148.22 million, a PE ratio of 2.89 and a beta of 0.89. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71.

Analysts Set New Price Targets

Separately, StockNews.com lowered Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Institutional Trading of Gran Tierra Energy

Several institutional investors have recently made changes to their positions in GTE. Quantbot Technologies LP purchased a new position in shares of Gran Tierra Energy in the 4th quarter worth $35,000. Private Trust Co. NA purchased a new position in shares of Gran Tierra Energy in the 4th quarter worth about $51,000. R Squared Ltd acquired a new position in shares of Gran Tierra Energy in the 4th quarter valued at about $68,000. Lazard Asset Management LLC purchased a new stake in shares of Gran Tierra Energy during the 4th quarter worth about $81,000. Finally, Payden & Rygel acquired a new stake in Gran Tierra Energy during the 4th quarter worth approximately $145,000. 31.70% of the stock is owned by hedge funds and other institutional investors.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.